What will be inventory turnover rate for raspberry syrup

Assignment Help Operation Management

Reference no: EM132195271

Meyer Stores carries a specialty line of flavored syrups. One of the most popular of these is raspberry syrup which sells, on average, 45 bottles per week. Meyer’s cost is $12 per bottle. Meyer has determined its order cost to be $70 and inventory carrying cost is 20 percent. Meyer is open for business 52 weeks per year.

If Meyer orders the EOQ quantity each time, what will be the inventory turnover rate for raspberry syrup? (Hint: Inventory turnover = Annual sales in units / Average inventory in units.) (Round your answer to 2 decimal places.)

Reference no: EM132195271

Questions Cloud

Characteristics and backgrounds of each board member : Who served on Disney's board of directors in 2003? Describe the characteristics and backgrounds of each board member.

Patty have principle residence and vacation home : Weldon and Patty have a principle residence and a vacation home. they don't want to pay tax on the considerable gains they will realize.

A description of the epidemiological triangle for disease : A graphic of the epidemiological triangle for the disease you selected. Include captions for each component of the triangle.

Propose a recruitment plan to fill the managerial position : Propose a recruitment plan to fill the managerial position. Develop a pre-boarding checklist and an onboarding plan covering an employee's first 30, 90.

What will be inventory turnover rate for raspberry syrup : Meyer Stores carries a specialty line of flavored syrups. If Meyer orders the EOQ quantity each time, what will be inventory turnover rate for raspberry syrup?

The difference between direct costs and variable costs : How might you, as a healthcare manager use cost allocation method to assign costs to support activities to patient services?

Write a description of the problem : Develop a plan to approach an old problem in a new way by completing the steps listed below. Write a description of the problem.

Explain cost classification : Explain cost classification, Explain the importance of proper cost allocation in healthcare organizations.

Calculate the company total contribution margin ratio : If the sales mix shifts to 4 units of Product A and one unit of Product B, than the company's total contribution margin ratio will

User Account

All Pages